Welcome ... Day Trade The SPY Live with Market Trader Tao

The Market Trader Tao
NeboXian's Day trading journal
is updated live during NYSE market open with observations , technical analysis and trades as they happen.
Log in early and follow along.
Click Here
**under construction**

________________________________________________________

Saturday, August 9, 2008

Triangle Reversal Pattern part 3 of 3

Triangles Part 2 Ascending , Decending, Semmetrical

Buy Sell levels Chart 5

Most likely this a continuation Triangle. Notice the higher lows on each Correction phase (they're running out of sellers) and the unwillingness of the buyers to move the price higher ...watch the 5 phases of a chart and the triangle - correction and Impulse videos and try to develop your own conclusion.......Neboxian

Tuesday, August 5, 2008

Buy Sell levels Chart 4


Price will almost always bounce (reverse) if it dosen't break out above or below a previous base area The technical term for these key areas is
1.Support (Low level of base)
2.Resistance (high level of base area)

Sunday, August 3, 2008

Moving Average chart Video Part 4 of 4

5 Ema / 10 Sma Moving Average Chart D

The 5 ema (exponential moving average) and the 10 sma (simple moving average) are combined to complete the (200ma)........ (55ma / 21 ma) ................(10ma / 5 ma) .......moving average price alignment platform........the final 5ma/10 ma combo will show the momentum of the the price in relation to the 21/55ma.......this is all used together like one would sight in a rifle..once the 5/10 ma crossover and in agreement to the direction of the 21/55 ma crossover .....BANG! .....Pull the trigger..... and do what I do next......SO - HAW! (sit on hands and WAIT!)....Neboxian

21 Moving average chart C

When combined, the 21ma and the 55 ma crossover points are powerful tools to identify the short term trend reversals . In addition, shows the speed of the trend and price as it moves in relation to the equilibrium 200 ma....these Crossover points are excellent entry and exit signals. and almost perfect when aligned with the 5ma and 10 ma combo...

55 Moving average chart B

55 moving average will show the crossover and the relative seed of price as it moves away or back to the 200ma

Friday, August 1, 2008

5 & 10 Moving Average Video Part 3

21 & 55 Moving Average Video Part 2

Buy Sell Zone Chart 3

After a Long period of buying or selling , price will make a Pivot reversal because all the buy orders available are filled and all that's left are Sell orders .....price has to go down and will return to a previous low or a base . we call these areas of support . The reason price will return and rally from these areas are many but the main reason is because there are mega buyers or sellers who have huge orders to fill at a certain price and couldn't fill the entire order at the previous buy /sell session.... so....these mega buyers or sellers Wait for the price to return to these Base retracement zones.....and BANG....off we go again. ......Neboxian